Pakistan Plans Fuel Levy Hike Amid Rising Global Prices

Fuel prices are rising globally, affecting countries like Pakistan, the United States, the Philippines, Lebanon, and Kenya. Pakistan plans to increase petrol prices by up to Rs10 per litre through a higher petroleum levy to address its Rs2.8 trillion gas sector debt, a move tied to IMF demands and likely to worsen inflation. In the U.S., average gasoline prices rose nearly six cents recently, with notable increases in the Gulf Coast, Midwest, Rocky Mountain, and West Coast regions. The Philippines saw consecutive weekly hikes in gasoline, diesel, and kerosene prices, attributed to rising oil demand and global economic uncertainties, including U.S. tariff policies. Lebanon also experienced fuel price hikes, with significant increases in gasoline, diesel, and gas canisters in local currency. In Kenya, the recent fuel price increases have sparked public debate and concern, with some criticizing government responses and highlighting broader societal impacts amid economic challenges.